Astro Technical Guide for 22.7.09

ASTRO TECHNICAL GUIDE FOR 22.7.09

Astro Info:: Moon transits in Pushyami constellation ruled by Saturn. Persons born in Bharani, Pubba and Poorvashadha constellations and in Leo and Sagittarius zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings ::10.00am; 12.15pm; 2.30pm;

Likely Intraday Trend for 22.7.09 :: On the basis of Planetary position and the aspects amongst planets, outlook for the day is as under ::
Market is expected to open subdued /weak and fall further till about 12.00pm and recover after 12.20pm and remain steady after 2.30pm. Cement and Steel stocks are likely to be subdued / weak and Telecom stocks could fare better.

Trading Strategy for the day :: Considering intraday outlook, If Nifty is trading below opening level by about 10.15am , risky traders can take short positions with day high as stop loss and such short positions to be closed by 12.15pm. After 12.45pm, if Nifty futures is trading above Day’s average traded price, long positions can be taken with stop loss of 10 points below Day’s average traded price and such long positions may be closed by end of the day. Stop loss is strictly advised for intraday trading.

Brief outlook for 23.7.09:: Market is expected to open better and remain weak in second half of the day.
Technical Levels :: From weekly perspective, Nifty would become weak when it closes below 4400.
Nifty Futures would be bullish above 4490 with resistance around 4525, 4564 and 4595 and bearish below 4450 with supports around 4415, 4375 and 4340 for the day...

Technical portion and astrological portion given above should be considered together and applied for taking proper trading decisions.

Disclaimer :: Intraday trading is risky and Astro guidance is to be used as an additional tool in addition to technicals and adapted depending on intraday movements.. Creator only knows what is going to happen and astrologer can only indicate what is likely to happen.Trade only with stop loss..

Happy Trading..

Dr B Amaranatha Sastry